Form 4: Marathon Petroleum Director Eileen P. Drake Reports Acquisition of Common Stock
SEC Form 4 Filing
Director Eileen P. Drake reported acquiring 77.44 shares of Marathon Petroleum Corp common stock on March 1, 2024.
Summary
- Eileen P. Drake, a director of Marathon Petroleum Corp, filed a Form 4 with the SEC.
- The report indicates that Ms. Drake acquired 77.44 shares of common stock on March 1, 2024.
- The transaction was a direct acquisition at a price of $0 per share.
- Following the transaction, Ms. Drake directly owns 77.44 shares of Marathon Petroleum Corp.
- Molly R. Benson, Attorney-in-Fact, signed the report on March 5, 2024, on behalf of Eileen P. Drake.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, ensuring transparency and compliance with securities regulations.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: Acquisition of common stock. |
| 03/05/2024 | Date of Form 4 filing. |
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